Realtor.com Issues Winter Home Buyer Report

Twenty-nine percent of all-cash home buyers planning a purchase in the next four months are downsizers

SAN JOSE, Calif., Nov. 20, 2013 /PRNewswire/ — Today, realtor.com(R), the leader in online real estate, operated by Move, Inc. (NASDAQ: MOVE), released the results of its Winter Home Buyer Report, which ran on realtor.com(R) from Nov. 7-16 and explored sentiments of home buyers looking to buy a house during the winter months.

Biggest Challenges Reported for Buying During Winter Months:

-- 45 percent of respondents indicated that there is not enough inventory
within price range;
-- 34 percent shared that there is not enough inventory on the market;
-- 29 percent believe that winter weather makes house hunting unpleasant;
-- 7 percent indicated that there are too many buyers in the market.

Top reasons consumers are looking to buy a home in winter:

-- 26 percent of respondents believe that sellers are more motivated to sell
and willing to negotiate;
-- 24 percent indicated that they think home prices will be better;
-- 24 percent revealed that they were unable to buy a house during spring or
summer;
-- 20 percent shared that they think there will be less competition between
buyers.

The current purchase status of those surveyed includes the following:

-- 28 percent of respondents reported that they are relocation buyers;
-- 19 percent shared that they are existing homeowners downsizing to a
smaller or less expensive home;
-- 19 percent indicated that they are first-time home buyers;
-- 15 percent revealed that they are current homeowners moving up to a
bigger or more expensive home.

Amount of cash winter home buyers are planning to use for their down payment:

Of those planning to use all cash, the respondents fall into the following categories:

-- 29 percent of respondents are downsizing to a smaller or less expensive
home;
-- 26 percent are relocation buyers;
-- 11 percent are moving up to a bigger or more expensive home;
-- 11 percent are buying a vacation home.

Please contact Lexie Puckett at lexie.puckett@move.com for a full breakdown of survey results.

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